Thu, Feb 19, 2015 - Page 5 News List

Xiaomi was China smartphone market leader in 2014: IDC

AFP, SHANGHAI

Xiaomi Corp (小米) was the top smartphone company in China last year with a 12.5 percent market share, narrowly outpacing South Korea’s Samsung Electronics Co, market intelligence firm International Data Corp (IDC) said on Tuesday.

Samsung was just behind with 12.1 percent market share based on shipments by vendor last year, slipping from 18.7 percent in 2013, IDC said in a statement.

Xiaomi, founded in 2010, has excelled in China by delivering high-performance products at cheap prices — and more than doubling its market share from just 5.3 percent in 2013, according to IDC.

However, critics say the firm has simply copied the look of Apple Inc’s iPhones.

Xiaomi claims sales of more than 61 million smartphones last year, up 227 percent from 2013.

US technology giant Apple did not even place in the top five for market share in China for all of last year, according to IDC.

However, it took second with a 12.3 percent share in the fourth quarter of last year — behind Xiaomi’s 13.7 percent — helped by the launch of its large-screen iPhone 6 and iPhone 6 Plus.

Smartphone shipments for China by all vendors reached 420.7 million units last year, IDC figures showed.

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